Truist Financial Boosts Amphenol (NYSE:APH) Price Target to $82.00

Amphenol (NYSE:APH) had its price target upped by Truist Financial from $76.00 to $82.00 in a research note issued to investors on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the electronics maker’s stock.

Several other research firms also recently commented on APH. Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group raised their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Vertical Research started coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Price Performance

Shares of APH stock opened at $69.41 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.56 and a beta of 1.24. The business’s fifty day moving average is $65.10 and its 200 day moving average is $64.58. Amphenol has a twelve month low of $39.48 and a twelve month high of $71.20.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Research analysts expect that Amphenol will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 570,000 shares of company stock valued at $37,209,000. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp grew its holdings in Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association lifted its position in shares of Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC grew its stake in shares of Amphenol by 556.7% during the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after acquiring an additional 34,309 shares during the period. Angeles Wealth Management LLC increased its holdings in Amphenol by 102.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Czech National Bank raised its stake in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.